TELEMASTERS HOLDINGS LIMITED - Audit Opinion for the Year Ended 30 June 2025

Audit Opinion for the Year Ended 30 June 2025

TeleMasters Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 2006/015734/06
Share code: TLM
ISIN: ZAE000093324
("TeleMasters" or "Group" or "Company")

AUDIT OPINION FOR THE YEAR ENDED 30 JUNE 2025

Shareholders are referred to the SENS announcement dated 17 October 2025 and are advised
as follows:

Audit Opinion
The consolidated annual financial results were audited by Nexia SAB&T who expressed an
unmodified audit opinion. The Auditor's audit opinion is available for inspection at the
Company's registered office at First floor, Resilient Innovations, Waterfall City, 74 Waterfall Drive,
Waterfall Corporate Campus, Building 5, Midrand, 1685 (PO Box 68255 Highveld Park 0169)

By Order of the Board
Waterfall City

21 October 2025

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 21-10-2025 02:44:00
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